Retirement
April 2010
You have to think about the future if you want to realise your dreams.
You've got time on your hands. How will you spend it? Retirement can be a time of unbounded leisure, with time to do all the things you’ve always wanted; travelling the world or just visiting friends, rekindling a lifetime’s passion, like theatre or archaeology, or simply starting a new hobby, like painting or photography, something you haven’t tried before.
How closely will your dreams match the reality? They could be a perfect fit if you start saving now. You could plan for a retirement that is everything you want it to be and more. If you plan, you can. If you don’t, you won’t. Or at the very least you will find it far harder to reach your retirement goals.
And yet, recent research* has shown that more than a third (37%) of the UK working population have not made any pension arrangements at all, and are relying on the state to fund their retirement. This figure rises to 42% for those aged 25 – 34 years. They simply pay their taxes and trust the rest to luck.
* Research conducted by ICM on behalf of Barings Asset Management (September 2009)
